Management Agreement between Prudential Tax-Managed Growth Fund and Prudential Investments Fund Management, LLC
Overview of this form
The Management Agreement between Prudential Tax-Managed Growth Fund and Prudential Investments Fund Management, LLC is a legal document that outlines the terms under which Prudential Investments will provide investment advisory and administrative services to the Prudential Tax-Managed Growth Fund. This form serves to establish the formal relationship between the fund and its manager, detailing their respective responsibilities and the fee structure for the services provided. Unlike similar agreements, this document specifically focuses on compliance with the Investment Company Act of 1940 and includes provisions for subadvisory agreements and operational management of the fund.
Key components of this form
- Appointment of the Manager: Designates Prudential Investments Fund Management as the manager of the Fund.
- Scope of Services: Details the investment advisory and administrative services to be provided by the Manager.
- Compensation Structure: Specifies the fee arrangement based on the Fund's average daily net assets.
- Reports and Recordkeeping: Outlines the responsibilities for maintaining financial records and reporting to the Board of Trustees.
- Termination Clause: Defines conditions under which the agreement may be terminated by either party.
When to use this document
This form should be used when establishing a management relationship between an investment fund and an advisory company. It is necessary when the fund seeks professional management of its investments and administration. If a fund is looking to outsource management services to a licensed financial advisor, this agreement formalizes that relationship and ensures compliance with regulatory requirements.
Who needs this form
- Investment funds wishing to hire a management company for advisory services.
- Financial institutions wanting to establish formal management agreements.
- Trustees of open-end management investment companies.
- Legal or compliance professionals overseeing fund management agreements.
Steps to complete this form
- Identify the parties involved: Specify the Prudential Tax-Managed Growth Fund and Prudential Investments Fund Management, LLC.
- Date the agreement: Enter the date at which the agreement is made.
- Detail the services: Clearly outline the scope of the investment advisory and administrative services being provided.
- Set the compensation terms: Specify the fee structure, based on the Fund's average daily net assets.
- Review for compliance: Ensure the agreement aligns with federal and state regulations as applicable.
Notarization requirements for this form
This form does not typically require notarization unless specified by local law. However, having a notary can enhance the authenticity of the agreement and help prevent disputes in the future.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Mistakes to watch out for
- Failing to accurately specify the compensation terms or fee structure.
- Omitting essential details regarding the scope of services provided by the manager.
- Not including necessary compliance clauses required by the Investment Company Act.
- Neglecting to date the agreement, which can lead to disputes over its validity.
Benefits of completing this form online
- Convenience of immediate access: Download the form anytime, reducing delays in fund management.
- Editability: Modify the form easily to match specific fund requirements.
- Legal reliability: Ensures that the document is drafted in according with applicable legal standards.
Legal use & context
- This agreement ensures that the management services provided comply with the Investment Company Act of 1940.
- It protects the interests of both the fund and the manager by clearly defining responsibilities and compensation.
- Failure to adhere to the terms may result in legal challenges or regulatory issues.
Summary of main points
- The Management Agreement formalizes the relationship between the investment fund and its manager.
- It outlines key responsibilities, compensation, and conditions for management services.
- Accurate completion and understanding of this agreement are essential for legal compliance and clarity.
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FAQ
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